Export volume of non-traditional products grew 14.3% in June of 2024

During June of 2024, the export volume of non-traditional products increased in 14.3% compared to the same month of 2023, explained by the positive evolution of the agricultural, textile, chemical, iron, steel and metal-mechanic sector. This was informed by the National Institute of Statistics and Informatics (INEI) in the technical report Evolution of the exports and imports.

The ascending behavior in the non-traditional volumes exported of the agricultural sector (35.6%) was explained by the greater sales of avocados (49.1%), crude cacao (393.0%), other citrus fruit (114.7%) and fresh or refrigerated asparagus (10.3%). Likewise, the shipments of textile sector grew in 19.5% before the greater volumes exported of cotton T-shirts (66.5%) and cotton knit shirt (7.5%).

The chemical sector grew in 9.7% based in the greater transactions of plates of polymers of polypropylene (31.6%), zinc oxide (15.0%) and plates, sheets, film and strips of polymers of ethylene (19.4%). In addition, the volumes exported of the activity and iron and steel industries increased by 7.5% before the greater sale of refined copper wire (191.3%), among others.

Likewise, the volumes exported of the metal-mining sector increased in 8.7% due to the increase in the sales of self-propelled, core-drilling machines (102.3%) and oil power generators, of alternating current of power greater than 375 kVA (41.0%)

During the month under analysis, the export volume of traditional products reduced in 6.5% compared to the month of June of the last year. Therefore, the export volume of mining sector decreased in 12.5%, due to the lower shipments of mining products such as: copper (-21.5%), lead (-14.2%), tin (-9.4%) and iron (-27.4%). On the other hand, the sales of gold (16.8%) and zinc (11.9%) increased.

It should be noted that, in the sixth month of the current year, the volume of fishing traditional products reached the highest level during the current year, due to the greater shipments of fish meal (2,856.1%) and fish oil (271.7%). The volume exported of agriculture products expanded in 35.7%, mainly by the greater sale of coffee (67.7%).

During the month under study, the real exports of oil and gas slightly decrease 0.3%, because there have been no transactions of natural gas (-14.7%). Meanwhile, the shipments of oil derivates (9.3%) and crude oil (0.4%) increased.

During June of 2024, the imports contracted in 5.4% compared to the same month of the last year. On the other hand, the imports, during the first half of the year 2024 grew in 3.7% compared to the same period of the last year. This result was driven by the greater capital goods income and construction materials (5.3%), as well as raw materials and intermediate products (4.9%).

The INEI informed that the acquisition of consumer goods reduced in 11.7%, explained by the lower purchases of durable consumption goods (-18.2%) and non-durable consumer goods (-6.1%).

Among the durable consumption goods less demanded were the assembled cars (-31.0%), televisions (-30.8%), the other vehicles (-18.4%), automobiles with internal combustion piston engine trucks 4x4 (-50.0%) and gasoline automotive vehicles cubic capacity under or equal to 1 000 cc. assembled (-18.8%). It is also, between the non-durable consumption goods with lower demand are the medicinal products for human use (-14.7%), concentrated powder, granulated or solid milk and cream (-10.7%), beauty, make-up and skin care preparations (-15.2%) and coats and similar articles of synthetic or artificial fiber (-6.4%), among others.

In June of 2024, the volume imported of raw materials and intermediate products decreased in 7.5%. In this result contributed the lower purchases of fuels, lubricants and allied products (-23.7%) and raw materials and intermediate products for the industry (-2.7%).

The decrease in the imports of fuels, lubricants and allied products was explained by the lower demand of Diesel B2 (-59.7%) and gasoline tetraethyl lead-free (-62.2%). In addition, it highlighted the hard yellow corn outstood (-17.9%), crude soy oil (-6.8%), polyethylene of high-density (-0.8%), waste and scrap of iron and steel (-68.0%) and hot-rolled or extruded bars (-58.5%) in the area of raw materials and intermediate products for the industry.

On the other hand, the raw materials and intermediate products for agriculture increased in 15.3%, due to the greater purchases of foreign products such as ammonium sulphate (32.8%) and preparations used for animal feeding (6.6%).

The volume imported of capital goods and construction materials grew in 2.9%. In this result influenced mainly the increase of capital goods for the industry (9.0%). Among the most demanded products were: the smart phones (3.0%), machines for data processing of lower or equal to 10 kg (34.5%), telecommunications devices by carrier-current or digital telecommunications (9.6%), devices parts for reception, conversion and voice transmission, image or other data (45.4%), as well as static converters (11.6%).

Similar behavior registered the construction materials, especially the tubes and welded hollow profiles of square or rectangular section (26.0%) and non-alloy steel or iron bars with indentations and ribs (193.4%); as well as the crawler tractors (19.5%) among the capital goods for agriculture.

On the other hand, the volume imported of transportation equipment decreased in 12.3%. Among the products that showed lower demand were: the ensembled pick-up trucks (-22.1%), radials for autobuses or trucks (-5.1%), road tractors for semi-trailer (-23.3%) and trucks for cargo transport (-48.0%).